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&quot;The company has secured marketing authorisation from Serbia for gemcitabine and docetaxel, widely used chemotherapy drugs beneficial in the treatment of various types of cancer,&quot; the company said in a regulatory filing.

Venus Remedies trades 2% up on approval to market cancer drugs in Serbia

&quot;This exemption will not only enable us to reduce production costs but also empower us to invest more in research and development, enhancing our competitiveness and expanding our global reach,&quot; said Saransh Chaudhary, chief of research at Venus Remedies.

Venus Remedies gains on registering with govt body; to get custom duty exemption

Enoxaparin plays a crucial role in addressing the grave concern of blood clot formation in patients suffering from deep-vein thrombosis. acute coronary syndrome, heart attacks and pulmonary embolism. Cardiovascular diseases are a major health issue in Saudi Arabia. which account for 145 deaths per 1 lakh population, highlighting the urgent need to mitigate clot-related complications.Venus Remedies has an annual capacity of producing more than 5 million units of Enoxaparin. A widely used anticoagulant that prevents blood clots, at its robotic line. Having secured marketing authorisations from Saudi Arabia for six anti biotics meant for in tensive care units and three oncology products. Venu Remedies has so far sold more than 12 million units of drugs in the $7.8-billion Saudi Arabian pharmaceutical market (as in 2021). Which is expected to grow to $13.1 billion by 2031 at a 10-year CAGR of 5.4 per cent.The global Enoxaparin market size was valued at US $3.04 billion in year 2021 and is projected co reach US $5.35 billion by year 2028.growing at a CAGR Of 8.3 per cent during the 2022-2028 year period. The Enoxaparin market size of Saudi Arabia. On the other hand, was US $35 million in year 2022 and is estimated to reach US $40 million by year 2025, expanding at a CAGR of 5 per cent.Saransh Chaudhary, president, global critical care, Venus Remedies, said, “The approval of Enoxaparin in pre-filled syringes is not merely an addition to our product portfolio; its a pivotal component of our FY26 strategic vision. Enoxaparins approval fortifies our commitment to innovation and our focus on PFS solutions, optimizing patient convenience and safety. Already established as a leading supplier of crucial antibiotic products in Saudi Arabia, this approval positions us to further anchor our leadership, expand our influence. and magnify our impact across the GCC and MENA regions. Our dedicated approach, along with the trust weve garnered, sets us on an exciting trajectory. aligning seamlessly with our FY26 ambitions.”Saransh also indicated that Venus is awaiting marketing approval from Saudi Arabia for another sixseven oncology drugs anytime soon. These additional approvals will enable the company to build a high-value portfolio of soon-to-be off-patent products in the GCC region.Akshansh Chaudhary, executive director, Venus Remedies, said, “the marketing authorisation for Enoxaparin from Saudi Arabia comes as an evident outcome of the Good Manufacturing Practices (GNP) certification granted to the company by the SFDA for all its production facilities at its unit in Baddi, Himachal Pradesh six months ago. The first-time approval from SFDA for pre-filled Enoxaparin syringes and general injection facilities followed a stringent inspection and extensive audit of the companys facilities.”Venus Remedies has presence in both branded and generic products. The company is mainly present in critical care segment manufacturing parenterals like cephalosporins, carbapenems and oncology drugs in lyophilized form, infusions and small volume parenterals used for treating varied ailments like bacterial infections and cancer.The companys consolidated net profit tumbled 82.9% to Rs 1.18 crore on 33.5% decline in net sales to Rs 95.15 crore in Q1 FY24 over Q1 FY23.

Venus Remedies jumps on receiving Saudi marketing approval for Enoxaparin 

The company has said it has so far secured marketing authorisations from Saudi Arabia for six antibiotics meant for intensive care units and three oncology products

Venus Remedies gains 5% on Saudi Arabia’s marketing approval for anti-coagulant drug

Venus Remedies Consolidated June 2023 Net Sales at Rs 95.15 crore, down 33.5% Y-o-Y

Venus Remedies Standalone June 2023 Net Sales at Rs 98.63 crore, down 36.34% Y-o-Y

Venus Remedies will hold a meeting of the Board of Directors of the Company on 14 August 2023.

Venus Remedies to convene board meeting

With this, the company has secured 506 marketing approvals for its oncology products across 76 countries.

Venus Remedies gets market authorisations for cancer drugs from Philippines, Praguay, Georgia, Moldova

Venus Remedies announced that the 34th Annual General Meeting (AGM) of the company will be held on 24 August 2023.

Venus Remedies to conduct AGM

SEBI recently introduced ESM framework for micro and small companies with market cap below 500 crore, leading to trading restrictions based on price variations.

Venus Remedies stops trading as sharp rally triggers enhanced surveillance measures by Sebi

Venus Remedies Ltd. engages in the manufacture and trade of pharmaceutical products. Its products include analgesic, analgesic and antipyretic, anti diabetic, antibiotic, cardiac, disinfectant and antiseptic, gastro therapy, hand sanitizer, hormone, iron supplement, neurology, oncology, pain management, respiratory, skin care, stress reliever, urology, vitamins/minerals/nutrients, and wound management. The company was founded by Pawan Chaudhary on September 15, 1989 and is headquartered in Panchkula, India.

Watchers	12
52-Wk Low	145.80
52-Wk High	300.00

Market Cap	3.11B
Volume (M)	8,991.00
52-Wk High	300.00
52-Wk Low	145.80

VENUSREM.NSE Venus Remedies Ltd.

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